Gains All Round As S&P Sets Another Record

The S&P gained 0.42% Thursday to again close on a record high. There was a more modest 0.17% gain for the Dow, while the Nasdaq grew 1.03% off the back of good performances from tech shares.

All of which is good news for the stock market indicators under President Joe Biden. The S&P has now grown more than 6% since he took office in January, while the Nasdaq is closing in on a 3% rise following a more lackluster start.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 8th April 2021

Biden’s performance relative to Donald Trump has also improved over the past 24 hours. After 79 days of his presidency, the Nasdaq had grown by 6.1% for Trump compared to 2.76% for Biden. This is a deficit of 3.33%, which is down from over 4% yesterday. The Dow and the S&P have both done better under Biden than they had under Trump at this stage.

Table comparing the performance of the major stock indexes during the first 79 days of the presidencies of Joe Biden and Donald Trump

The picture compared to Barack Obama has changed in the opposite direction following what was a good day 79 for Obama some 12 years ago. Biden’s deficit on the Nasdaq has widened to more than 1%. His leads on the Dow and S&P have reduced by a few tenths of a percent but remain significant.

Table comparing the performance of the major stock indexes during the first 79 days of the presidencies of Joe Biden and Barack Obama

To see more presidential performance data such as GDP or jobs growth and comparisons, visit us at Facts First, the only non-opinion based presidential performance site on the web.